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Nov 28, 2012
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on people who create jobs in this economy if it is about jobs and the economy. and we all know what drives federal spending in this countryand we have seen no proposal from the president when it comes programs and getting them on athere is a solution out there, solution is to raise taxes on the very people that we're looking to to lead us out of time. >> the president says he is focused on jobs and growth and what republicans are committed to is providing good jobs for working families. and one of the ways we are going to do with the keystone xl pipeline. we joined nine democrat colleagues to write a letter to the president to ask him to meet with us to focus on keystone xl pipeline. wonderful way to do it. talking about 20,000 jobs and the additional jobs related to the direct jobs of the pipeline. focuses on jobs and allow us to continue to produce goods and services in the united states. president, if he truly is focused on jobs and growth should be embracing today and should not continue to delay. >> at the very time we ought to be finding ways to cooperate
on people who create jobs in this economy if it is about jobs and the economy. and we all know what drives federal spending in this countryand we have seen no proposal from the president when it comes programs and getting them on athere is a solution out there, solution is to raise taxes on the very people that we're looking to to lead us out of time. >> the president says he is focused on jobs and growth and what republicans are committed to is providing good jobs for working families....
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Nov 27, 2012
11/12
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the real revenue growth comes from a growing economy. you don't want to kill economic growth and end up with less revenue. we are reaching out, providing the revenue, but doing it in a way that gets people back to work and generates revenue from growth. gerri: i have to tell you, what i hear are people who are continuing to pitch their own position and not move into the center and the thing that amazes me, and ensure it amazes the american people, there is not even another meeting scheduled yet. how is that possible? days from the deadline. gerri: we should be meeting every day, and we are putting revenue on the table. that is a big step. the administration has to engage with us. gerri: thank you for coming on. we appreciate. hope you will come back as these negotiations continue. hopefully you can find some kind of resolution. >> thank you. gerri: meanwhile, the house is back in session after the thanksgiving break. the speaker was met with an unusual demonstration. naked protesters, no kidding, outside his office. by the time we get ou
the real revenue growth comes from a growing economy. you don't want to kill economic growth and end up with less revenue. we are reaching out, providing the revenue, but doing it in a way that gets people back to work and generates revenue from growth. gerri: i have to tell you, what i hear are people who are continuing to pitch their own position and not move into the center and the thing that amazes me, and ensure it amazes the american people, there is not even another meeting scheduled...
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Nov 27, 2012
11/12
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the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. >> eliot: coming up, florida's stand your ground law. how much longer will it stand. but first, thanksgiving thursday, black friday, and now viewfinder monday. when it doesn't fit anywhere else, we put it in the viewfinder. >> is there anything more annoying? this is driving me nuts. listening to people talk about what they're thankful for. >> i'm thankful for all three of. >> but i'm thankful for you. >> this thanksgiving what are you thankful for? >> my family. >> my job. >> my husband. >> my life. >> i'm thankful the election is over, and it was decisive, and that he won and the republican party is going to have to regroup. i think that was good for everybody. get it done, over with, move on. >> that will work. >> if you will. >> thank you mitt romney for being photographed this week pumping your own gas attending the twilight movie and then going to disneyland or a you would call that, going on a bender. >> we give tha
the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. >> eliot: coming up, florida's stand your ground law. how much longer will it stand. but first, thanksgiving thursday, black friday, and now viewfinder monday. when it doesn't fit anywhere else, we put it in the viewfinder. >> is there anything more annoying? this is driving me nuts. listening to people talk about what they're thankful for. >> i'm...
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Nov 28, 2012
11/12
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COM
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it's like congress put a gun to the economy's head and swore it will pull the triger if congress doesn't put its own gun down. (laughter) it's kind of like a mexican standoff without any mexicans. (laughter) of course, obama's answer to this budget crisis is to raise taxes on the wealthy just because he ran on that promise. and won the election. (laughter) it's like he's totally disregarding my dismissive finger quotes. what part of this don't you understand president "o" bama. (laughter) here's what's really scaring me, folks. republicans might let him do it, even though every remember in congress has signed the new taxes pledge created by the president of americans for tax reform, grover norquist. (thunder clashes) the two most terrifying words a republican can hear other than "buenos dias." (laughter and applause) but now some republicans are abandoning the anti-tax pledge as fast as they abandoned -- oh, what's his name? (laughter) i got it, don't help me, don't help me. rip flambe. (laughter) no, no, that's my personal train trainer. (laughter) no, the point is conservatives are jum
it's like congress put a gun to the economy's head and swore it will pull the triger if congress doesn't put its own gun down. (laughter) it's kind of like a mexican standoff without any mexicans. (laughter) of course, obama's answer to this budget crisis is to raise taxes on the wealthy just because he ran on that promise. and won the election. (laughter) it's like he's totally disregarding my dismissive finger quotes. what part of this don't you understand president "o" bama....
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Nov 27, 2012
11/12
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we believe in stimulating the economy by leaving more money in the economy, more money in the states, more money in the private sector, and that is our philosophy. >>neil: you do not by a poll that says the majority of americans are for sticking it to the rip. >>guest: if you talk to people and you say, do you understand that your boss employs you, and your boss could be richer than you but if you tax your boss more it could be less jobs, that may not be your job but the person trying to get a job whose business does not expand because the taxes increase. people do get that. the president did run on a class warfare, class envy type of argument but he only got 40 percent of the vote in my state so my state rejected the message. >> the way it stands no with the proposals i have heard and senator john mccain could be right there could be a deal in the final hour, a way to avoid this mess, but most of the stuff i see are concessions on the part of republicans on revenue and not just avoiding a rate hike but they could feed on limiting deductions that could cost the rich more? >>guest: i a
we believe in stimulating the economy by leaving more money in the economy, more money in the states, more money in the private sector, and that is our philosophy. >>neil: you do not by a poll that says the majority of americans are for sticking it to the rip. >>guest: if you talk to people and you say, do you understand that your boss employs you, and your boss could be richer than you but if you tax your boss more it could be less jobs, that may not be your job but the person...
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Nov 27, 2012
11/12
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that is manageable with a growing economy. these numbers are close to our historical norms. the cries of the past few years is that revenue has fallen to 15.5% of gdp while spending crept up to 22.4%. and that is not manageable. notice the most significant deviation has been in the revenue decline not the spending increase. we should spend about 21% of the gdp but spending 22.4% we should get 18.5% in revenue but are getting only 15.5%. so listen to the wisest investor and businessman and also one of the wealthiest men in the world. raise marginal rates and stop worrying about those at the top of the income spectrum. it sounds very simple and reasonable especially when it comes from these talking points, that the right have, about the "heavy hand of government" ... i want to have that conversation. let's talk about it. really? you're going to lay people off because now the government is going to help you fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers
that is manageable with a growing economy. these numbers are close to our historical norms. the cries of the past few years is that revenue has fallen to 15.5% of gdp while spending crept up to 22.4%. and that is not manageable. notice the most significant deviation has been in the revenue decline not the spending increase. we should spend about 21% of the gdp but spending 22.4% we should get 18.5% in revenue but are getting only 15.5%. so listen to the wisest investor and businessman and also...
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a basis for moving forward and put the lie to the stupid republican theory that what's good for our economy is that when the rich get richer and the poor get poorer combine it with some reasonable trade policies like those advanced by senators sherrod brown to bernie sanders we might even see a return to the eisenhower and clinton prosperities it's time to drive off the so-called fiscal cliff once done americans will realize it was just a speed bump nothing like the film and louise fears being hyped by the so-called deficit hawks. it's one zero you ready to rumble join me that i belong to overall are francesca chambers editor and publisher of red alert politics and marc harrold libertarian tourney libertarian commentator attorney and author i've got to start talking more slowly thank you both for joining us ok so i say let's take the plunge let's leap off the fiscal cliff francesca talk me off the edge so actually in the spirit of things giving i'm going to start with something we agree on i think that you could actually get a lot of republicans particularly those like rand paul and others
a basis for moving forward and put the lie to the stupid republican theory that what's good for our economy is that when the rich get richer and the poor get poorer combine it with some reasonable trade policies like those advanced by senators sherrod brown to bernie sanders we might even see a return to the eisenhower and clinton prosperities it's time to drive off the so-called fiscal cliff once done americans will realize it was just a speed bump nothing like the film and louise fears being...
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Nov 21, 2012
11/12
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two years ago, obama looked at the economy and said the economy is so bad, we should extend all of the tax rates and have not a tax increase. the economy is not any better than two years ago. one of the resting places might be to extend it out six months, a year, two years, four years, and focus on other things because there is not an agreement here. >> but republicans and speakers have already put tax revenue on the table. does that make the pledge not to raise taxes now meaningless? >> what he said was that he supports the idea of revenue have economic growth and tax reform as part of getting revenue for the government. we need to do that. revenue today is at an all-time low because the economy is so bad. we have 10 million fewer people working than if we have a reagan-style recovery. obama's recovery has 10 million unemployed people. more jobs, more people working, more revenue. that is what boehner said a year ago, that he wanted to do in some sort of grand bargain, and that's what he said again. >> but when the speaker came out of the meeting at the white house, he said he was ope
two years ago, obama looked at the economy and said the economy is so bad, we should extend all of the tax rates and have not a tax increase. the economy is not any better than two years ago. one of the resting places might be to extend it out six months, a year, two years, four years, and focus on other things because there is not an agreement here. >> but republicans and speakers have already put tax revenue on the table. does that make the pledge not to raise taxes now meaningless?...
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Nov 26, 2012
11/12
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between now and christmas, many shoppers report they'll be more cautious, concerned about the economy and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with $100 billion in cuts to domestic and defense spending. now, since the reagan era, most republicans have pledged not to raise taxes. as mike viqueira reports, there are signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed. to oppose tax increases of any kind. that once solid wall was showing crass. >> the pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed, and the economic situation is different. >> reporter: but rep
between now and christmas, many shoppers report they'll be more cautious, concerned about the economy and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached...
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Nov 28, 2012
11/12
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you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on the program. >> well, thank you, alex. nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among some folks in our circle, the fiscal mole hill. you have advocated going over the fiscal cliff as a way for both democrats and republicans to make a deal and i will call to mind -- i will call to everyone's attention comments you made at the brookings institution this summer when you said if the bush tax cuts expire every proposal will be a tax cut proposal and the norquist pledge will no longer keep republicans boxed in and unable to compromise. which would seem to be good news for republicans. what do you make of john boehner's statement saying bad idea? >> well, first of all, i respect represe
you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on the program. >> well, thank you, alex. nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among...
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Nov 27, 2012
11/12
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if the economy grew at 4% instead of 2% a year for one decade. the federal government would net $5 trillion. that would pay down all of the debt that obama's accumulated in the first four years. if we had grown at reagan rates of growth instead of obama rates of growth, 11 million americans would be at work today who are out of work. that's how you do it with the most regulations. >> what if we carried along the bush rate of growth of the eight years before bk? >> well, there were three periods of growth or low growth during the bush years. he enlded president bush handing president obama the greatest financial hospital past of most people's living memory. the idea that show the republican economic policies have been this wonder yus success story going back the last three decades is poppycock. >> taxes are not the only policy. when he cut marginal tax rates on gains and dividends from 2002, there was four years of strong economic growth from '03 to '07. what you had was fannie mae and freddie mac making loans they shouldn't have. the federal gove
if the economy grew at 4% instead of 2% a year for one decade. the federal government would net $5 trillion. that would pay down all of the debt that obama's accumulated in the first four years. if we had grown at reagan rates of growth instead of obama rates of growth, 11 million americans would be at work today who are out of work. that's how you do it with the most regulations. >> what if we carried along the bush rate of growth of the eight years before bk? >> well, there were...
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Nov 22, 2012
11/12
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you, and is going to have a profoundly negative effect with regard to your opportunity and how the economy will grow if we do not get it under control. one of the verdicts of the electorate in this election is that the middle-class, where republicans have traditionally done well, did not do very well in this election. a bunch of reasons for that, but we need to go back to the drawing board, under the principles of limited government. at what is an economic growth strategy that is marketable to the american people, that speaks to their interests? >> we will take a question from a non-student. this will be the last question. >> i do not know -- to me, it looks like a hurricane sandy did play a part in the outcome. governor christie was an ardent supporter of romney to start with -- after the hurricane, it sounded like he was leaning toward obama. my question to you, did it play a part in the outcome? >> did governor christie's embrace of president obama on the tarmac in new jersey after hurricane sandy play a role in the outcome in this election? i would like to hear david answer first. >> u
you, and is going to have a profoundly negative effect with regard to your opportunity and how the economy will grow if we do not get it under control. one of the verdicts of the electorate in this election is that the middle-class, where republicans have traditionally done well, did not do very well in this election. a bunch of reasons for that, but we need to go back to the drawing board, under the principles of limited government. at what is an economic growth strategy that is marketable to...
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Nov 28, 2012
11/12
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and will it get the economy going, no. so regardless of pledge or no pledge, i don't have a horse in this race, i'm part of the common sense party here, we have to fix the problem and raising taxes doesn't fix that problem. >> warren buffett came out this week and said the exact opposite. no disrespect to you but he's worth $40 billion and is considered to be the most successful investor in the history of mankind. he says throughout his life, throughout his career, there have been many periods with much higher tax rates, it's never made a dicky bird's difference to people's willingness to invest and that the combination of reduced spending and a few higher taxes for the wealthier people in america is the perfect answer. i just don't get a coherent argument why you can't do a bit of both. >> here's the issue, is that we have never had a period with more than 1% of the gdp in terms of tax hikes since 1969. that was the last time that happened and that put us into a recession and then we had several decades of increasing unem
and will it get the economy going, no. so regardless of pledge or no pledge, i don't have a horse in this race, i'm part of the common sense party here, we have to fix the problem and raising taxes doesn't fix that problem. >> warren buffett came out this week and said the exact opposite. no disrespect to you but he's worth $40 billion and is considered to be the most successful investor in the history of mankind. he says throughout his life, throughout his career, there have been many...
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Nov 21, 2012
11/12
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so lock at that and think twice what they are doing and be thankful you have a job in the economy. >>eric: thank you for joining us today. forget the union threat, is the fiscal cliff a threat? doing a number on holiday shoppers? sandra, people are not shopping because they worried about the fiscal cliff, is this true? >>guest: they say they will change their habits. even if there is a deal goldman sachs saying consumers will be impacted but it is the thought of the so-called fiscal cliff that has consumers spooked. a study says half of u.s. adults say the impending cliff will impact their holiday shopping plans in some sort of way, and 18 percent of respondents say the fiscal cliff will have a large impact on their overall holiday spending this year. now, that being said, the sacrifices consumers will make over the holidays go far beyond the mall, we are talking about the sluggish economy, having an impact on other sacrifices that americans are making, their vacations, they have relied on relatives for air fare to get home and scoured the remember for travel deals to ensure they c
so lock at that and think twice what they are doing and be thankful you have a job in the economy. >>eric: thank you for joining us today. forget the union threat, is the fiscal cliff a threat? doing a number on holiday shoppers? sandra, people are not shopping because they worried about the fiscal cliff, is this true? >>guest: they say they will change their habits. even if there is a deal goldman sachs saying consumers will be impacted but it is the thought of the so-called fiscal...
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Nov 27, 2012
11/12
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. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. very, very excited about that and very proud of that. >>beltway politics from inside the loop. >>we tackle the big issues here in our nation's capital, around the country and around the globe. >>dc columnist and four time emmy winner bill press opens current's morning news block. >>we'll do our best to carry the flag from 6 to 9 every morning. >>liberal and proud of it. >> cenk: now you know how the gun shop owners have been saying and the gun manufacturers have been saying oh, my god when obama is re-elected, he'll take away all your guns. hurry up and go out and buy more. [ crying ] there is a gun shop owner cope reynolds who is taking a different approach. he said if you're an obama supporter you cannot buy guns. you're not allowed to. he put a sign up on his place of business saying, if you voted for barack obama your business is not welcome. you have proven you're not responsible enough to own a firearm. well, abc affiliate talked to this genius who is so responsible and fig
. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. very, very excited about that and very proud of that. >>beltway politics from inside the loop. >>we tackle the big issues here in our nation's capital, around the country and around the globe. >>dc columnist and four time emmy winner bill press opens current's morning news block. >>we'll do our best to carry the flag from 6 to 9 every morning. >>liberal and...
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Nov 29, 2012
11/12
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CURRENT
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we're not bringing the pieces together to bring the economy back where it should be. it's hard to watch the slow motion grind not discussing the issues. what about the discussion of the cap that has been etched into stone, and i'm not sure why. >> i think because there has been so much of a focus on letting the bush tax cuts expire for the top two percent and the discussions got narrowed to that. it has left us in the trillion dollar area as opposed to looking at real corporate tax reform and other ways that revenue can be generated. it looked like congressman defazio was paining a picture of how we can confront that early next year. >> eliot: he's one of our favorites. i don't think he speaks yet unfortunately for the mainstream, i wish he did. >> right. >> eliot: i don't think he does, but i think it's interesting when you hear what eric cantor says and even john boehner. they still will not discuss raising rates. they're willing to go there the charade of loophole closing and this and that, but none of which gets us where we need to be. >> right. it is amazeing to
we're not bringing the pieces together to bring the economy back where it should be. it's hard to watch the slow motion grind not discussing the issues. what about the discussion of the cap that has been etched into stone, and i'm not sure why. >> i think because there has been so much of a focus on letting the bush tax cuts expire for the top two percent and the discussions got narrowed to that. it has left us in the trillion dollar area as opposed to looking at real corporate tax reform...
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Nov 29, 2012
11/12
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i think it's bad for the economy, bad for job creation. ultimately by slowing down growth cuts revenue. i think the president need to come to the table with real entitlement reform. having said that, if we agree that taxes shouldn't go up on 98% of the people? shouldn't we take that now, set that aside, and i think we'll win the argument on the other areas. putting people at risk when we agree taxes shouldn't go up is something that we shouldn't do. >> speaker boehner said they need to stick to their position and freeze tax rates. i guess they believe that if you do what you are suggesting, you lose a lot of leverage at far as entitlement cuts and other spending cuts are concerned. how do you respond to that? >> i respect that but i don't agree with it. you don't use the american people as a hostage in a negotiating-type situation. i think at the end, this is the r rev ladies and gentlemen for the democrats not the republicans in this. my advice was given privately. i was asked what i thought. my position hasn't changed so i'm happy to tal
i think it's bad for the economy, bad for job creation. ultimately by slowing down growth cuts revenue. i think the president need to come to the table with real entitlement reform. having said that, if we agree that taxes shouldn't go up on 98% of the people? shouldn't we take that now, set that aside, and i think we'll win the argument on the other areas. putting people at risk when we agree taxes shouldn't go up is something that we shouldn't do. >> speaker boehner said they need to...
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Nov 27, 2012
11/12
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a better idea in this economy, and everyone should know that. number three, the president who claims he must have a balanced approach only talks about raising taxes. this to be asking a question, what spending cuts are you offering along with this request for tax increases? and let's see a real plan. that is the discussion we need to have not negotiating on taxes lou: and to his credit, the speaker has been -- well, he has not been heard from. it seems somehow the preferred course to watching senators gramm and mccain and chambliss, for crying out loud, out there making all sorts of noises. lou: in that -- the media does love to cover them because in the end -- lou: i'm not complaining. but in the end, what is really growing -- going on, the white house is going to have to get to deal. that is going very slowly. little progress, but those are the players that matter. the noise from the side shows is just the only thing to cover at the moment. >> let me ask you, at any reason and this possibility that the president is actually insisting on tax cu
a better idea in this economy, and everyone should know that. number three, the president who claims he must have a balanced approach only talks about raising taxes. this to be asking a question, what spending cuts are you offering along with this request for tax increases? and let's see a real plan. that is the discussion we need to have not negotiating on taxes lou: and to his credit, the speaker has been -- well, he has not been heard from. it seems somehow the preferred course to watching...
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Nov 27, 2012
11/12
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take if it costs an extra $20 a year to have these people make a decent wage and possibly improve the economy? >> listen, i think the numbers are mostly right but i think the numbers are different from that. according to the numbers i've seen, as i said before, every walmart employee could get that raise to $25,000 a year. every single one of them, and walmart would be profitable without raising prices. walmart charges as much as they canner they possibly can. that's the nature of being in business. they gave their employees as little as possible as they can exploit them without rights of knowledge to unionize and walmart is hugely profitable. i don't think the customers are going to end up paying anything more at all. what is simply going to happen is walmart will make a little less profit. >> cenk: congressman alan grayson, good to have a progressive fighter back in congress. thank you for joining us and at walmart, sticking up for people as well. thank you very much. >> you're welcome. >> cenk: when we come back, i'm going to go aggressive progressive because i haven't been aggressive enou
take if it costs an extra $20 a year to have these people make a decent wage and possibly improve the economy? >> listen, i think the numbers are mostly right but i think the numbers are different from that. according to the numbers i've seen, as i said before, every walmart employee could get that raise to $25,000 a year. every single one of them, and walmart would be profitable without raising prices. walmart charges as much as they canner they possibly can. that's the nature of being...
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Nov 27, 2012
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growing the economy or punishing success? >> sir, thanks for your time today, i appreciate it. >> have a great day. >> you too. >>> this leads to our big question of the day, the afl-cio calling republicans hostage takers. do you agree? are both sides standing in the way of compromise? >>> and we're going to get to the other side of the issue when i speak with bernie sanders of vermont. we are keeping our eyes on the breaking news coming to us out of cairo. i want to show you live pictures of protesters back in tahrir square today for another day of demonstrations over the egyptian president's effort to assert new powers. the protesters reminiscent of the uprising that took down hosni mubarak two years ago, and we've heard a third protester has died as a result of these protests. n. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunde
growing the economy or punishing success? >> sir, thanks for your time today, i appreciate it. >> have a great day. >> you too. >>> this leads to our big question of the day, the afl-cio calling republicans hostage takers. do you agree? are both sides standing in the way of compromise? >>> and we're going to get to the other side of the issue when i speak with bernie sanders of vermont. we are keeping our eyes on the breaking news coming to us out of cairo. i...
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Nov 21, 2012
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we've got to resolve this debt because if we do so, rev, will cause the economy to explode. we will see a resurge in investment, good things happening for the economy. >> congressman ellison, with all of that at stake and clear from every expert that we've heard, it's clear that if we don't solve this problem, if we have the fiscal cliff, if we go over at the end of the year, that we go back into a recession, why would boehner be doing this? i mean, you look at the polls. 49% people polled say keep or expand obama care. only 33% say repeal it. that's the lowest percent for repealing the law since march 10th of 2010. so why would boehner even play with this. >> he's afraid of the special interest. remember, they were spending $14 million a day to lobby against obama care, which i'm glad we've embraced that term. the reality is the special interests who don't want to pay any tacks or as little as they can, who don't want to reform health care. they are still there. all of those guys who signed those pledges for grover norquist, they are still around. i think the and tea party
we've got to resolve this debt because if we do so, rev, will cause the economy to explode. we will see a resurge in investment, good things happening for the economy. >> congressman ellison, with all of that at stake and clear from every expert that we've heard, it's clear that if we don't solve this problem, if we have the fiscal cliff, if we go over at the end of the year, that we go back into a recession, why would boehner be doing this? i mean, you look at the polls. 49% people...
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was really happening to the global economy. global financial headlines. a report.
was really happening to the global economy. global financial headlines. a report.
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Nov 29, 2012
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lou: he did gain control of let's sixth of the economy with the obamacare committed to? i mean, he did pass some subset of regulation of our financial industry in this country. you're not exactly easg concerns, hearts are worried about what the republicans are going to be able to do. by te way, i want to make it very clear. a personho supports entirely the idea of low taxes and maintaining that posture and certainly ing so energetically if there is no quid pro quo, significant order in spending. but what in the world by these folks to do on capitol hill? >> here is my argument. the first thing the republicans need to do is insist that the negotiations be in front of c-span so that the american people can see what obama is and is not doing until that happens, obaa can keep misrepresenting what is going on. second, they need to say %-to be on line for even dayseds said that the american people can read it. we have those two things, the chances of being completely jammed is a greatly educed, not down to zero, but let's get c-span cameras there. lou: i think your condition w
lou: he did gain control of let's sixth of the economy with the obamacare committed to? i mean, he did pass some subset of regulation of our financial industry in this country. you're not exactly easg concerns, hearts are worried about what the republicans are going to be able to do. by te way, i want to make it very clear. a personho supports entirely the idea of low taxes and maintaining that posture and certainly ing so energetically if there is no quid pro quo, significant order in...
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Nov 26, 2012
11/12
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we do a lot of home delivery for online retailers so we see the economy sort of -- on both sides. we look backwards and we look forwards. and we're seeing strong growth especially in that capital equipment, heavy manufacturing which has always been good in this region. it is growing really well. >> that's great to hear. richard phillips, great to meet you. stay for the game. we cannot, unfortunately. there you go, plandy. he didn't say he was in the 2% but he's a successful guy and he said i will gladly pay higher taxes. little sign of compromise. >> that's what it will get us to the finish line. >>> coming up next, warren buffett once again pushing for higher taxes on him and his uber rich friends. but do the rich really pay less than the middle class? we're going to break all the numbers down for you coming up next. don't go away. >>> in 1930, pat's king of steaks invented what's now known as the cheesesteak in the 1960s. gino's rolled in. "street signs" rolling at you from the corner of epic deliciousness. [ male announcer ] this is steve. he loves risk. but whether he's climbi
we do a lot of home delivery for online retailers so we see the economy sort of -- on both sides. we look backwards and we look forwards. and we're seeing strong growth especially in that capital equipment, heavy manufacturing which has always been good in this region. it is growing really well. >> that's great to hear. richard phillips, great to meet you. stay for the game. we cannot, unfortunately. there you go, plandy. he didn't say he was in the 2% but he's a successful guy and he...
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Nov 21, 2012
11/12
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economy expanded more than at any other time in history. but something happened because corporations are still doing really, really, really well. but the people that work for them, not so much. corporate profits measured as a percentage have hit record highs. but compensation has hit record lows. look at this chart compared to profits and compensation over the last decade. profit profits is a percentage has surged to record levels. compensation, which workers get, has declined. and these are partially the same trend. corporations threaten to go overseas, they cut costs by give less and less to workers and keep more revenue as profit. in fact, it looked like a dragon. the dragon of inequality. so how do you slay the dragon of inequality and low worker compensation? the twinkie era is not coming back. and and here's what is coming. the affordable care act. explaining what it has to do requires moving from twinkies to pizza. and i recognize there's some irony in talking about junk food, but we're going to do it any way. papa john's has been co
economy expanded more than at any other time in history. but something happened because corporations are still doing really, really, really well. but the people that work for them, not so much. corporate profits measured as a percentage have hit record highs. but compensation has hit record lows. look at this chart compared to profits and compensation over the last decade. profit profits is a percentage has surged to record levels. compensation, which workers get, has declined. and these are...
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Nov 29, 2012
11/12
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it will eventually cost us jobs and eventually slow the economy. that's going to cost us revenue as well. i don't agree with the president on that point. frankly, i think he needs to be a lot more specific about putting spending cuts and entitlement reform on the table. having said that, though, if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, that's a point we should agree on, do that, and continue to fight for the things we believe in, simply because we accept that part of his offer doesn't mean we have to agree with the rest. but what i think a lot of people forget is, look, these tax rates are going up automatically unless congress acts. i favor acting to save as many of them as possible. >> makes sense. here's today, the speaker of the house john boehner signaled you out for your remarks on the compromise. let's listen to what you he said about you, sir. >> i told tom earlier in our conference meeting that i disagreed with him. you're not going to grow the economy if you rais
it will eventually cost us jobs and eventually slow the economy. that's going to cost us revenue as well. i don't agree with the president on that point. frankly, i think he needs to be a lot more specific about putting spending cuts and entitlement reform on the table. having said that, though, if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, that's a point we should agree on, do that, and continue to fight for the things we...
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Nov 26, 2012
11/12
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economy and how do we get us back to that and, two, how do you solve a problem? >> second big development. a growing number of liberal democrats say they're willing to risk going off the cliff to make sure raising taxes on the wealthy is part of the deal. politico is calling them cliff jumpers. l good morning to both of you. >> good morning. >> let me play a couple of clips to start out about the pledge. >> i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you sign 20 years ago, 18 years ago, is for that congress. if i were in congress in 1841 i would have supported declaration of war against japan. i won't attack japan today. the world changed and the economic situation is different. >> i am not oblg gate on the pledge. i was just elected. the only thing i am honoring is the oath that i take when i serve when i am sworn in in january. >> chambliss already made a similar statement last week. the question is is this a real softening of positions? does it give them room to make deal. >
economy and how do we get us back to that and, two, how do you solve a problem? >> second big development. a growing number of liberal democrats say they're willing to risk going off the cliff to make sure raising taxes on the wealthy is part of the deal. politico is calling them cliff jumpers. l good morning to both of you. >> good morning. >> let me play a couple of clips to start out about the pledge. >> i will violate the pledge, long story short, for the good of the...
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Nov 26, 2012
11/12
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good afternoon. i'm taylor mathson with your cnbc market wrap. the dow falls 42, the s&p loses 2, and the nasdaq added 9. shares of ebay jumped nearly 5% on expectations of a very busy cyber monday. online sales are expected to total $1.5 billion today. that's up almost 20% from last year. >>> and yahoo! hit a 2 1/2 year high of $19 a share earlier before falling back slightly. goldman sachs raised his price target on that long time beleaguered stock to $24 a share. >>> that's it from cnbc, first in business worldwide. now back to "hardball." ♪ >>> welcome back to "hardball." anti-tax crusader grover norquist has been called the most powerful man in washington but is his influence on the wane? >> i'm not obligated on the pledge. made tennesseans aware, i was just elected, the only thing i'm honoring is the oft i take when i'm sworn in this january. >> when you're $16 trillion in debt, the only p
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good afternoon. i'm taylor mathson with your cnbc market wrap. the dow falls 42, the s&p loses 2, and the nasdaq added 9. shares of ebay jumped nearly 5% on expectations of a very busy cyber monday. online sales are expected to total $1.5 billion today. that's up almost 20% from last year. >>> and...
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Nov 26, 2012
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economy will plunge back into recession. this sounds plausible to many people because it's roughly speaking what happened to greece but we're not greece. he's saying while this is a real dynamic for some countries, it is not because of the way we fund ourselves, is that right, ben? >> that's right. i would say morning munnize not actually by given name. >> i didn't know that. >> he's right, we're not greece, we're a much larger economy. we can grow our way out of debts and deficits. we've got a ginormous economy. we had a huge black friday weekend. probably $600 billion for the total shopping over the holidays. the question is, as we get close and getting into december, if it looks like talks are breaking down and we have the same old lines on no tax increases for the wealthy versus no spending cuts at all on the left on social security or medicare, then you get people getting nervous. the markets get service, the markets sell off, we have a problem. if we go into january and there's the basic broad outlines of a deal that w
economy will plunge back into recession. this sounds plausible to many people because it's roughly speaking what happened to greece but we're not greece. he's saying while this is a real dynamic for some countries, it is not because of the way we fund ourselves, is that right, ben? >> that's right. i would say morning munnize not actually by given name. >> i didn't know that. >> he's right, we're not greece, we're a much larger economy. we can grow our way out of debts and...
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the economy doesn't go in the tank on january 1st or january 2nd. the one potential immediate change is in the social security tax holiday which i never agreed with. we're borrowing money. i think that puts social security at risk. but all of the other tax changes would be for next year's taxes, not this year's taxes. so you don't see that immediate impact. and then the stupid across-the-board cuts, congress should revisit that. we could find reductions of $100 billion that aren't across the board where you cut things that are useful and working well as much as things that are losers and go away. >> so under your theory and that of several ores, there's not as you referred to an economic calamity. but you and i both know for example wall street. we keep hearing these business leaders and so many others are nervous and we could see an immediate reaction there if some type of deal is not reached before january 1st. >> sure. the millionaires and billionaires, they've got a sweet deal now. they will make a lot of noise to say, raise my tax rates and i'l
the economy doesn't go in the tank on january 1st or january 2nd. the one potential immediate change is in the social security tax holiday which i never agreed with. we're borrowing money. i think that puts social security at risk. but all of the other tax changes would be for next year's taxes, not this year's taxes. so you don't see that immediate impact. and then the stupid across-the-board cuts, congress should revisit that. we could find reductions of $100 billion that aren't across the...
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Nov 27, 2012
11/12
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delaying significant fiscal restraint will send the wrong signal and may serve as taping point for our economy. so you're fear is that interest rates could surge. to be father, we've had this disastrous situation for years and interest rates have kept falling in spite of all worries that there would be a disaster. >> that's right. that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u.s. treasury instruments and we have to start raising the interest rate. eventually, we get to the point where we can't afford anything and that's what i'm concerned about. >> so, let me talk about the solution here because we talked back in may about this. we're finally here at the deadline, right. you talked at the time about wanting a simpler tax system and were open to some people paying more and you said some in the republican tea party would be okay with that. here's you on this program back in may. >> i'd m
delaying significant fiscal restraint will send the wrong signal and may serve as taping point for our economy. so you're fear is that interest rates could surge. to be father, we've had this disastrous situation for years and interest rates have kept falling in spite of all worries that there would be a disaster. >> that's right. that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal...
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Nov 27, 2012
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we have to do what will allow them to grow the economy. to hire more people. >> eric: online for this -- >> brian: leave it there. >> eric: coming up. >> eric: face to face with the critic over the bungling of benghazi. we'll tell you what went down on capitol hill. it wasn't pretty. that is next on "the five." ♪ i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. meet the 5-passenger ford c-max hybrid. by december 22nd when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. ♪ ♪ >> brian: thanks to greg gutfeld for the lights on his book tour. he didn't want two it. came out great. meeting that white house hoped would s
we have to do what will allow them to grow the economy. to hire more people. >> eric: online for this -- >> brian: leave it there. >> eric: coming up. >> eric: face to face with the critic over the bungling of benghazi. we'll tell you what went down on capitol hill. it wasn't pretty. that is next on "the five." ♪ i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male...
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Nov 27, 2012
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they say doesn't matter the economy if you don't ever have life -- >> why should a choice person vote for the continuation of this republican platform which says from the moment of conception that unborn child or fetus is a citizen with rights of property, life, and liberty? >> there are plenty of people that are pro-choice republicans that are out there just like there are plenty of pro-life democrats out there because they're going to pick their own preferences. i would disagree this party is demographically falling apart when a 49%/51% election just occurred. you look at the house of representatives and you have this large percentage of republicans there. we still are a very divided nation. >> it's going to be about 47%, and most americans voted in the house races, most americans did vote for democrats. because of gerrymandering your party got a big majority, but that's because of gerrymandering. >> it's because the democrats waste a lot of votes in big city democratic districts. 99% of the vote. >> i want to say something very important about abortion. most women who have abortion
they say doesn't matter the economy if you don't ever have life -- >> why should a choice person vote for the continuation of this republican platform which says from the moment of conception that unborn child or fetus is a citizen with rights of property, life, and liberty? >> there are plenty of people that are pro-choice republicans that are out there just like there are plenty of pro-life democrats out there because they're going to pick their own preferences. i would disagree...
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really happening to the global economy with. global financial headlines kaiser reports. it was not. a huge contract. it was not the operation to secure. a. contract. it was the campaign for making billions of dollars for. forty. eight billion dollars. for two years. more news today. these are the images being from the streets of canada. in china. today. well go back to that i slow liberal rumble joining me again neil mccabe and horace cooper let's get back to it first of all a number of republicans talk about grover norquist number of probably going to come forward in recent days to disavow grover norquist pledge to never raise taxes public and senator bob corker republican senator lindsey graham saxby chambliss yes a republican representative tom cole called on his fellow republicans to take the president's deal and extend the tax cuts for ninety eight percent of americans letting them expire for the top two for two percent so neil you had breakfast today with grover norquist who's a small kid i have i have a little test kid here to measure whether you've been poisoned or not but y
really happening to the global economy with. global financial headlines kaiser reports. it was not. a huge contract. it was not the operation to secure. a. contract. it was the campaign for making billions of dollars for. forty. eight billion dollars. for two years. more news today. these are the images being from the streets of canada. in china. today. well go back to that i slow liberal rumble joining me again neil mccabe and horace cooper let's get back to it first of all a number of...
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our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this thing happen? >> i really got the feeling that they understood the stakes here. while they really wanted to hear from us, what they heard from the dozen small business people in the room who represented about 150,000 in our various progressive small business organizations was don't raise taxes on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to
our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this...